Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (NASDAQ:TLRY, TSX:TLRY), a global lifestyle and consumer packaged goods company at the forefront of the cannabis, beverage, and wellness industries, today announced a series of strategic initiatives marking its next phase of global growth, expanding its leadership across healthcare, cannabis and beverage while strengthening its ability to expand internationally and capture emerging market opportunities.

Tilray Expands UK Medical Platform with Acquisition of Lyphe

Tilray acquired the Lyphe Group, a leading UK-based medical cannabis clinic and digital pharmacy platform, with Lyphe Dispensary having dispensed approximately 150,000 units to date and Lyphe Clinic having treated over 16,000 patients to date, anchoring and expanding Tilray Medical's footprint in one of Europe's largest and most dynamic healthcare markets. The addition of Lyphe strengthens Tilray's vertically integrated medical ecosystem by combining clinical services, patient access, and pharmaceutical distribution. Through Lyphe's online clinic and pharmacy platform, Tilray will enhance access to medical cannabis while accelerating its existing capabilities in dispensing traditional prescription medicines, creating a seamless, digitally enabled patient experience.

Tilray Files ATM Program to Accelerate Global Beverage Expansion

To support this next phase of growth, Tilray also announces the filing of an at-the-market equity program ("ATM program") of up to $180 million, to enhance financial flexibility and to invest behind its global beverage platform. The ATM program will be managed by Jefferies LLC, TD Securities (USA) LLC and Roth Capital Partners LLC.